We have a clear path forward and are confident we can deliver for our stockholders.
Witz was scheduled to appear later Tuesday at the UBS Media and Communications Conference in New York.
SiriusXM’s LA officesAaronP/Bauer-Griffin/GC Images
SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, “Doubling Down” On Core Auto Market; Stock Tumbles 10% On Revenue Outlook
Satellite audio firm SiriusXM is aiming to trim costs by $200 million in 2025 as it shifts away from streaming and refocuses on its core automotive market.
